Nexen's Scott platform is located approximately 150 km northeast of Aberdeen.
Safe, Reliable Offshore Operations
We have major positions in some of the world’s most significant conventional offshore basins – the UK North Sea, West Africa and Gulf of Mexico. From Europe to Africa to North America, our conventional business forms the heart of our current production and cash flow as well as some of our best prospects going forward.
UK North Sea
Nexen is the second largest oil producer in the UK North Sea, thanks to the resource-rich Buzzard facility, which in 2012 generated about 160,300 barrels of oil equivalent per day (boe/d) (about 69,000 boe/d net to Nexen). We’ve more than doubled our proved reserves in the North Sea since 2004 and continue to actively explore in the region. The Golden Eagle development is our next major UK project, and one of the biggest discoveries in the region in the past decade. First oil production is expected in late 2014 and the development is expected to have initial gross production of 70,000 boe/d (about 26,000 boe/d net to Nexen). We’re also pursuing a number of tieback opportunities to existing facilities to deliver near-term growth.
Offshore West Africa is another core area that’s expected to contribute high-margin production. At full capacity, the Usan Floating Production, Storage and Offloading (FPSO) unit has the capacity to handle 180,000 barrels of oil per day (bbls/d). Of that capacity, 36,000 bbls/d is net to Nexen. We also have a strong inventory of follow-up prospects and expect offshore West Africa to be part of our growth plans for many years.
Gulf of Mexico
Nexen is one of the largest leaseholders in the Gulf of Mexico, with approximately 200 blocks of land. Our joint venture discoveries at Appomattox are our best yet. Located about 72 miles off the Louisiana coast, Appomattox is estimated to contain (net to Nexen) 106 million barrels of oil equivalent of probable reserves.
Trinidad & Tobago
Nexen manages a 12.5% working interest on behalf of CNOOC Limited in the 2C Block (oil) and a 12.75% interest in the 3A Block (natural gas) of the Greater Angostura development, 37 km offshore east of Trinidad and Tobago. The operator is BHP Billiton.
Gulf of Mexico
Nexen manages CNOOC Limited's working interests in four Statoil-operated offshore oil exploration prospects in the Gulf of Mexico — 10% interests in Krakatoa, Logan and Cobra and 20% in Tucker.
Nexen manages a 60% equity interest on behalf of CNOOC Limited in Northern Cross (Yukon) Ltd., which owns oil and natural gas blocks in the Yukon in northwestern Canada.